BOMA Property Management Chapter 1
QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ [LATEST] 100%
GUARANTEED PASS
Community Associations Institute - CORRECT ANSWER-is involved in common ownership
residential management. They offer professional designations including Certified Manager of
Community Associations (CMCA), Association Management Specialist (AMS) and Professional
Community Association Manager (PCAM).
Completed staff work - CORRECT ANSWER-Communicate the problem, the alternatives and
your recommendations to your owners or supervisors. Never represent a problem without
recommending a solution.
Economic Life - CORRECT ANSWER-Economic life is the expected period of time during which an
asset is useful to the average owner. The economic life of an asset could be different than its
actual physical life.
Electric Elevator - CORRECT ANSWER-Events that increased the importance of and changed the
scope of property management. It allowed for skyscrapers to be developed.
Employee Manager - CORRECT ANSWER-The employee relations manager is responsible for
managing a range of activities related to employee/labor relations and staffing functions.
Facilities Management Administrator (FMA) - CORRECT ANSWER-Designation offered by BOMI,
which offers education for those responsible for making sure a facility runs smoothly by creating
a safe and productive workplace for a company and by taking care of tenant issues such as
comfort, safety, daily operations, and maintenance.
, Franchises - CORRECT ANSWER-An authorization granted by a government or company to an
individual or group enabling them to carry out specified commercial activities, e.g., providing a
broadcasting service or acting as an agent for a company's products.
Independent Property Manager - CORRECT ANSWER-A property manager can perform such
duties as marketing your rental property, selecting tenants, maintaining the property, creating
budgets and collecting rent.
Industrial Revolution - CORRECT ANSWER-Was a period of time that that increased the
importance of and changed the scope of property management. The Industrial Revolution,
which took place from the 18th to 19th centuries, was a period during which predominantly
agrarian, rural societies in Europe and America became industrial and urban.
International Council of Shopping Centers (ICSC) - CORRECT ANSWER-The purpose of The
International Council of Shopping Centers (ICSC) is to advance the shopping center industry and
to promote its role in the commercial distribution of consumer goods and services
International Design and Development Award - CORRECT ANSWER-ICSC will recognize the
premier shopping center and retail achievements in the United States. Awards will be given for
outstanding achievement in design and development of retail properties and retail store design.
International Facility Management Association - CORRECT ANSWER-IFMA is the world's largest
and most widely recognized international association for facility management professionals,
supporting 24,000 members in 104 countries. This diverse membership participates in focused
component groups equipped to address their unique situations by region (133 chapters),
industry (15 councils) and areas of interest (six communities). Together they manage more than
78 billion square feet of property and annually purchase more than US$526 billion in products
and services.
International Real Estate Institute - CORRECT ANSWER-The International Real Estate Institute
has been dedicated to the advancement of the real estate profession since 1975. The primary
QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ [LATEST] 100%
GUARANTEED PASS
Community Associations Institute - CORRECT ANSWER-is involved in common ownership
residential management. They offer professional designations including Certified Manager of
Community Associations (CMCA), Association Management Specialist (AMS) and Professional
Community Association Manager (PCAM).
Completed staff work - CORRECT ANSWER-Communicate the problem, the alternatives and
your recommendations to your owners or supervisors. Never represent a problem without
recommending a solution.
Economic Life - CORRECT ANSWER-Economic life is the expected period of time during which an
asset is useful to the average owner. The economic life of an asset could be different than its
actual physical life.
Electric Elevator - CORRECT ANSWER-Events that increased the importance of and changed the
scope of property management. It allowed for skyscrapers to be developed.
Employee Manager - CORRECT ANSWER-The employee relations manager is responsible for
managing a range of activities related to employee/labor relations and staffing functions.
Facilities Management Administrator (FMA) - CORRECT ANSWER-Designation offered by BOMI,
which offers education for those responsible for making sure a facility runs smoothly by creating
a safe and productive workplace for a company and by taking care of tenant issues such as
comfort, safety, daily operations, and maintenance.
, Franchises - CORRECT ANSWER-An authorization granted by a government or company to an
individual or group enabling them to carry out specified commercial activities, e.g., providing a
broadcasting service or acting as an agent for a company's products.
Independent Property Manager - CORRECT ANSWER-A property manager can perform such
duties as marketing your rental property, selecting tenants, maintaining the property, creating
budgets and collecting rent.
Industrial Revolution - CORRECT ANSWER-Was a period of time that that increased the
importance of and changed the scope of property management. The Industrial Revolution,
which took place from the 18th to 19th centuries, was a period during which predominantly
agrarian, rural societies in Europe and America became industrial and urban.
International Council of Shopping Centers (ICSC) - CORRECT ANSWER-The purpose of The
International Council of Shopping Centers (ICSC) is to advance the shopping center industry and
to promote its role in the commercial distribution of consumer goods and services
International Design and Development Award - CORRECT ANSWER-ICSC will recognize the
premier shopping center and retail achievements in the United States. Awards will be given for
outstanding achievement in design and development of retail properties and retail store design.
International Facility Management Association - CORRECT ANSWER-IFMA is the world's largest
and most widely recognized international association for facility management professionals,
supporting 24,000 members in 104 countries. This diverse membership participates in focused
component groups equipped to address their unique situations by region (133 chapters),
industry (15 councils) and areas of interest (six communities). Together they manage more than
78 billion square feet of property and annually purchase more than US$526 billion in products
and services.
International Real Estate Institute - CORRECT ANSWER-The International Real Estate Institute
has been dedicated to the advancement of the real estate profession since 1975. The primary
